Government forecasts 1992 winners and losers
Government forecast highlights mixed prospects for 1992 with gains in medical equipment manufacturing and health services while aerospace and commercial real estate face downturns. Overall manufacturing sales are seen rising about 2 percent after 1991 declines, with exports limited by weak European and Japanese demand. The report notes a two year slump for newspapers, a rebound for machine tools, and a 32 dollar price for the on sale book.
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Washington
Manafeemachine Tools Aump
Boeers
Robert A. Mosbacher
Hewest
Commerce
J. Michael Farren
Europe
Japan
Regulators seek fix for bond market integrity after Salomon scandal
Federal regulators propose settlements to banks and securities firms tied to inflating customer orders in government bond trading after the Salomon Brothers scandal. Fannie Mae also announced changes to restore integrity in its bond sales. Separate Treasuries auction prices declined with three and six month bills at multidecade lows.
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Washington
Salomon Brothers Inc
Federal National Mortgage Association
Fannie Mae
Salomon
Wall Street
Treasury
Treasury Department
Commodities Futures Rally as Soybeans Jump and Grains Mixed
The Associated Press reports sharp gains in soybean futures on the Chicago Board of Trade while oats decline and corn trends mixed. Wheat March rises to 3.398 per bushel, corn March up to 2.54 per bushel, soybeans vary, pork bellies in USDA figures show 48.3 million pounds as of November, live cattle futures mixed, hog futures higher, and pork products fluctuating as markets digest supply figures.
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Chicago Board of Trade
Byron
USDA
Dow Jones Soars 88 Points in Pre Christmas Rally
The Dow Jones industrial average rose 88.10 points to 3022.58 as Wall Street celebrates lower interest rates. Advancers outnumbered decliners 1411 to 421 amid 230.17 million shares traded on the New York Stock Exchange.
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New York
Wall Street
Dow
New York Stock Exchange
Cross state branching for thrifts proposed nationwide access
Washington regulators propose removing barriers to nationwide branching for thrift institutions to boost lending risk spreading. The plan follows Congress rejection of cross state branching for banks. public comment requested for 30 days.
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Washington
Eeenleet Artered Thrift Institu
Congress
Bush Administration
Timothy Hyan
Office of
Thrift Supervision
Kenneth A. Guenther
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Independent Bankers Association of
Amelia
U.S. Congress
Ryan
Bush
S&la
Mark Riedy
LM Ene
Gw Bn
S&ls
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